| NASDAQ Exchange | United States Country |
The described fund is a financial investment vehicle focused primarily on investing in small companies located within the United States. It commits at least 80% of its net assets, in addition to any funds borrowed for investment purposes, towards purchasing equity securities of these small firms. The fund's investment strategy leans heavily on the equity securities of smaller U.S. companies that have market capitalizations similar to those found in established indices such as the Russell 2000® Value Index and S&P SmallCap 600® Index, as well as classifications from well-respected financial information providers like Morningstar or Lipper, Inc. This investment focus is guided by the fund's Adviser, who selects investments based on detailed criteria aimed at identifying promising small companies with potential for growth and value enhancement.
The fund specializes in investing in the equity securities of small companies, typically those within the market capitalization scope of indices like the Russell 2000® Value Index and S&P SmallCap 600®. These investments aim to capitalize on the growth potential of small-cap companies in the U.S. market.
In addition to utilizing its net assets for investments, the fund may also borrow additional amounts for the purpose of investment. This strategy can potentially amplify the fund's purchasing power and investment reach within the small company sector, although it also introduces a higher level of risk due to the leveraging effect.
The fund's investment decisions are guided by its Adviser, who employs a focused strategy on small U.S. companies that show promise based on market capitalization criteria similar to those used by major financial indices and information services. This involves rigorous analysis and selection processes to identify potentially undervalued or high-growth opportunities within the small-cap sector.